Summary:
- Google faces legal challenges from the U.S. Department of Justice over potential anti-competitive practices.
- Analysts forecast a substantial upside potential for Alphabet Inc (GOOGL, Financial), with an average price target of $203.60.
- GuruFocus estimates highlight a promising 28.52% upside in GOOGL's value over the next year.
Google (GOOGL) is under heightened scrutiny by the U.S. Department of Justice, which alleges its exclusive contracts may breach competition laws. During legal discussions, it emerged that Google once contemplated making its search app exclusively available to Android partners, such as Samsung. Although Google eventually struck a non-exclusive agreement, the company continues to face allegations of maintaining a monopoly.
Analyst Price Targets and Recommendations
The future seems optimistic for Alphabet Inc (GOOGL, Financial), based on predictions from 49 analysts. They estimate an average target price of $203.60, with projections ranging from a high of $240.00 to a low of $159.00. This average target indicates a potential upside of 34.27% from the current trading price of $151.63. For further insights, visit the Alphabet Inc (GOOGL) Forecast page.
Alphabet Inc's (GOOGL, Financial) standing remains robust among brokerage firms. With a consensus recommendation of 2.0, the stock is rated as "Outperform." In this context, a rating of 1 signifies a Strong Buy, and 5 denotes a Sell.
GuruFocus Valuation Insights
According to GuruFocus estimates, the GF Value for Alphabet Inc (GOOGL, Financial) is projected at $194.87 a year from now. This estimate reflects a potential upside of 28.52% from its current price of $151.63. The GF Value is a measure of the fair value the stock might reach, based on historical trading multiples and anticipated business performance. For in-depth analysis, refer to the Alphabet Inc (GOOGL) Summary page.
